Do You Qualify for FAFSA?
When figuring out your finances for college, the first place you need to check is FAFSA. With FAFSA, you may be able to receive subsidized student aid from the federal government. Asides from money from a close family member or friend, this is the cheapest money you’ll be able to grab. But act quickly, because FAFSA is first-come-first-serve. Despite knowing this, many families still put off filing their application, or think that their household income is too high (Note: you can receive funding if your income level is up to $250,000). So, if you’re within this threshold, then let’s see what remaining eligibility requirements exist for FAFSA:
1. Be a US citizen or eligible noncitizen of the US
Visit this link to learn what is classified under “eligible noncitizen”.
2. Have a valid SSN
Every US Citizen should have a SSN. However, students from the Republic of the Marshall Islands, Federated States of Micronesia, or the Republic of Palau are exempt from this requirement.
3. Have a high school diploma or GED certificate
Other qualifying education alternatives, such as homeschooling are also accepted.
4. Be enrolled (or accepted) as a regular student seeking a degree or certificate
Additionally, to be eligible for Direct Loan Program funds, you must be enrolled at least half-time.
5. Maintain satisfactory academic progress
Every school will have their own standards for “academic progress,” so be sure to check with your school to learn these standards.
6. Maintain a satisfactory academic performance
Every school has standards for the academic progress required toward a degree or certificate offered by that institution. Check with your school to find out its standards.
7. Not owe a refund on a federal student grant
Additionally, you may not be in default on any federal student loans.
8. Be registered with Selective Service (males only)
All students between the ages of 18–25 who were born as male (and identify as male) and are not currently on active duty in the US Armed Forces, must register with Selective Service when filing their FAFSA.
9. Be free of any drug convictions for an offense while receiving federal student aid
All students with such convictions must complete the Student Aid Eligibility Worksheet to determine eligibility for aid or partially eligibility for aid.
If you meet the above criteria, you should file your FAFSA. Despite any doubts you may have about receiving aid, there’s always the chance that cheap money will be coming your way! We highly suggest checking out Frank, which offers a simple solution to filing your FAFSA.
Originally published at medium.com.
